LPC - Qatari loans test lenders' loyalties:
"A US$570m syndicated loan refinancing for Turkey-based QNB Finansbank is highlighting the growing difficulties facing international banks as they struggle to maintain impartiality in Qatar’s dispute with its neighbours, bankers said. A US$3bn loan for Qatar National Bank, the Gulf’s largest lender, which needs to be refinanced before it matures in March 2018, is also set to test the market shortly as the crisis refuses to blow over. International banks have been trying to maintain relations with both sides of the Gulf dispute, since Saudi Arabia, the UAE, Bahrain and Egypt imposed travel and trade restrictions on Qatar on June 5 and accused Qatar of backing terrorism, a charge that Doha denies. "
'via Blog this'
No comments:
Post a Comment